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Tax amount query
leehal
Posts: 161 Forumite
in Cutting tax
I have received my first months pay for this tax year and I am worse off by around £80 per month.
My tax code increased from 963L to 1060L, using my logic I am assuming I can earn more before I start to pay tax. I am therefore wondering why my tax in the month has gone up from £445 to £518 with a slight increase in National Insurance.
Is this down to the way tax is now calculated or am I missing something!?
Thanks is advance.
My tax code increased from 963L to 1060L, using my logic I am assuming I can earn more before I start to pay tax. I am therefore wondering why my tax in the month has gone up from £445 to £518 with a slight increase in National Insurance.
Is this down to the way tax is now calculated or am I missing something!?
Thanks is advance.
0
Comments
-
depends upon the facts which you haven't given us
maybe post up the figures?0 -
Sorry for the delay:-
March 2011
Code 963L
Basic Pay £3,041.66
Car Allowance £433.34
Mileage £123.09 (not taxable)
Gross £3,598.09
Deductions
National Insurance £329.89
Tax £445.07
Net Pay £2,823.13
April 2011
Code 1060L
Basic Pay £3,041.66
Car Allowance £433.34
Mileage £132.77 (not taxable)
Gross £3,607.77
Deductions
National Insurance £344.88
Tax £518.00
Net Pay £2,744.890 -
April seems right, it looks like you did not pay tax on the car allowance in March.0
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